Consider the following annual coupon $1000 face value bonds. Note that all of the bonds have identical risk profiles and only differ either in coupon rates or maturities. Initially, the market interest rate is 5%.

Fill in the blank the cells.

Panel 1.

Bond	Coupon (%)	Term to Maturity	Price when rd=5%	DUR @ rd =5%
A	7%	10
B	5%	10
C	3%	10
D	0%	10
E	5%	5

Panel 2. Now, assume that market interest rates rise by 1% from 5% to 6%

Bond	Coupon (%)	Term to Maturity	P0 when	P1 when	%change in P= (p1-p0)/P0 X 100	pe= %change in p/ %change in r	DUR @ rd =6%
			rd =5%	rd =6%
A	7%	10
B	5%	10
C	3%	10
D	0%	10
E	5%	5

Panel 3. Now, assume that market interest rates fall by 1% from 5% to 4%

Bond	Coupon (%)	Term to Maturity	P0 when	P1 when	%change in P= (P1-P0)/P0 X 100	pe= %change P/ %change R	DUR @ rd =4%
			rd =5%	rd =4%
A	7%	10
B	5%	10
C	3%	10
D	0%	10
E	5%	5